Release: The Madness of Modern Money

Abstract

Money is essential for the successful functioning of any society. However, money hasn't always been the exchange of paper bills. It has undergone a number of changes and evolutions in its long history - the latest of which has been the adoption of paper fiat currencies. Virtually all economies in the world use some form of fiat currency, however, such currencies have no links to anything tangible. The Canadian dollar, for example, is not backed by silver, gold, oil or beaver pelts. The Faculty of Arts' popular Coffee House Controversies series begins its new season with a lecture entitled "The Madness of Modern Money." Jason Childs, an associate professor of economics at the University of Regina will explore the evolution of modern money from livestock to loonies and the risks and rewards of money as he delivers his lecture on Thursday, Sept. 17 at 7:30 p.m. in Chapters bookstore behind the Southland Mall (2625 Gordon Road).